Cities allow up 6 unrelated adults per house in R1 neighborhoods. Thus zoning allows small residential care homes in typical neighborhoods. Can be lucrative. Up $12k per month per resident less expenses.
Iām curious then why theyāre closing. As I said, Iāve seen 3 go for sale in the last, say, 5 yearsāall in Woodside Plaza.
Flipping maybe more lucrative. I have seen a few converted back to sfhs. Takes a lot of work converting either way. The ramps, added bathrooms and exits change a house a lot.
I have seen places not taking medicare though.
Interesting. I saw one inside and the only issue was lack of a tub. I donāt mind the ramp.
Futureproof!
Ramps have to be a each exit. Can be a lot of ramps
Iām good with that. 
Would be handy when my mom visits.
Sure, we all can perfect our skateboarding skillsā¦
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See - itās good for teenagers and their skateboard too! Can sell at a premium.
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Itās very expensive to operate the elderly care business due to too many lawyers and too many government regulations. Government and lawyers will make people bankrupt.
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LLC. Thatās fine. High risk high reward.
If you are involved in day to day care, LLC wonāt protect you from liability. If you are an absentee owner of the place, you may or may not be liable
I for sure wouldnāt be working day to day, i have a day job 
if i ever do it, that is, i would still set it up so that someone else would take care of operations. I am really too busy for that.
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Yeah, I didnāt think you would be changing bed pans for a livingā¦
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Heh even for āmanagementā, would find someone else.
This is still interesting. It sounds like elder care, but it is still real estate business, whose payments are made through eldercare. Interesting indeed.
Dang it, @tomato, focus on how you can make a prefab Ferrari for $15k. Now, that, is would be interestingā¦
I would be fine with 30K shelby. still waiting to pull the trigger for it:)
Tomato, go for it. Itās a lucrative business. Everyoneās working, and parents donāt want to be a burden to the kids. This is the new future in elder-care.
Come on, letās not egg on a Google employee to go exclusively into senior care as a career changeā¦